| Null Hypothesis: | Obs | F-Statistic | Prob. |
| LNTRDOP does not Granger Cause GDPGR | 28 | 2.87345 | 0.0455* |
| GDPGR does not Granger Cause LNTRDOP | 1.69796 | 0.1896 | |
| LNREEXR does not Granger Cause GDPGR | 28 | 1.07141 | 0.0421* |
| GDPGR does not Granger Cause LNREEXR | 0.98417 | 0.4696 | |
| FDI does not Granger Cause GDPGR | 28 | 1.36864 | 0.2891 |
| GDPGR does not Granger Cause FDI | 0.71118 | 0.6462 | |
| LNREEXR does not Granger Cause LNTRDOP | 28 | 0.51722 | 0.7864 |
| LNTRDOP does not Granger Cause LNREEXR | 1.02348 | 0.4475 | |
| FDI does not Granger Cause LNTRDOP | 28 | 0.75071 | 0.6185 |
| LNTRDOP does not Granger Cause FDI | 0.99952 | 0.4609 | |
| FDI does not Granger Cause LNREEXR | 28 | 0.40062 | 0.8672 |
| LNREEXR does not Granger Cause FDI | 0.54179 | 0.7687 | |